Shift4 Payments, Inc. (NYSE:FOUR) Shares Bought by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC lifted its position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 41.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,198,845 shares of the company's stock after buying an additional 350,703 shares during the quarter. CIBC Private Wealth Group LLC owned approximately 1.33% of Shift4 Payments worth $127,689,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in FOUR. Moody National Bank Trust Division lifted its position in shares of Shift4 Payments by 86.5% in the fourth quarter. Moody National Bank Trust Division now owns 15,849 shares of the company's stock valued at $1,645,000 after acquiring an additional 7,349 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in Shift4 Payments in the 4th quarter valued at about $812,000. Stifel Financial Corp boosted its stake in shares of Shift4 Payments by 14.3% during the 3rd quarter. Stifel Financial Corp now owns 56,894 shares of the company's stock worth $5,041,000 after purchasing an additional 7,117 shares during the last quarter. Lebenthal Global Advisors LLC purchased a new stake in shares of Shift4 Payments during the fourth quarter worth about $328,000. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of Shift4 Payments in the fourth quarter valued at approximately $358,000. 98.87% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Shift4 Payments

In other Shift4 Payments news, President David Taylor Lauber sold 2,500 shares of the firm's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $91.70, for a total transaction of $229,250.00. Following the completion of the transaction, the president now directly owns 264,856 shares of the company's stock, valued at $24,287,295.20. This trade represents a 0.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Nancy Disman sold 10,000 shares of the company's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $84.98, for a total transaction of $849,800.00. Following the completion of the sale, the chief financial officer now owns 177,622 shares in the company, valued at approximately $15,094,317.56. This trade represents a 5.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,695 shares of company stock worth $1,097,380 in the last 90 days. 30.57% of the stock is owned by corporate insiders.

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Shift4 Payments Stock Down 8.4 %

Shares of FOUR stock traded down $7.25 on Thursday, hitting $78.57. The stock had a trading volume of 1,264,195 shares, compared to its average volume of 1,563,018. The stock's 50 day moving average is $101.44 and its 200-day moving average is $100.12. The firm has a market capitalization of $7.00 billion, a price-to-earnings ratio of 25.59, a P/E/G ratio of 1.04 and a beta of 1.76. Shift4 Payments, Inc. has a 52-week low of $55.87 and a 52-week high of $127.50. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.97 and a current ratio of 1.38.

Shift4 Payments (NYSE:FOUR - Get Free Report) last announced its earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.06. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. The company had revenue of $405.00 million during the quarter, compared to the consensus estimate of $1 billion. As a group, research analysts expect that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Analyst Ratings Changes

FOUR has been the topic of a number of analyst reports. Stephens restated an "overweight" rating and set a $125.00 target price on shares of Shift4 Payments in a research report on Wednesday, February 19th. DA Davidson lowered their price target on Shift4 Payments from $140.00 to $124.00 and set a "buy" rating for the company in a report on Monday, February 24th. Wells Fargo & Company cut their price objective on shares of Shift4 Payments from $135.00 to $115.00 and set an "overweight" rating on the stock in a report on Wednesday, March 5th. Raymond James upgraded shares of Shift4 Payments from an "outperform" rating to a "strong-buy" rating and set a $140.00 target price for the company in a report on Monday, March 10th. Finally, Morgan Stanley cut their price target on shares of Shift4 Payments from $109.00 to $107.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 27th. Seven investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Shift4 Payments presently has an average rating of "Moderate Buy" and a consensus target price of $113.45.

Shift4 Payments Company Profile

Shift4 Payments, Inc (NYSE FOUR) provides integrated payment processing and technology solutions in the United States. Its payments platform provides omni-channel card acceptance and processing solutions, including end-to-end payment processing for various payment types; merchant acquiring; proprietary omni-channel gateway; complementary software integrations; integrated and mobile point-of-sale (POS) solutions; security and risk management solutions; and reporting and analytical tools, as well as tokenization, risk management/underwriting, payment device and chargeback management, fraud prevention, and gift card solutions.